NEW YORK, May 29, 2014 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed by MRV Engenharia E Participacoes, S.A (MRV) as the new depositary bank for its American depositary receipt (ADR) program. Each ADR represents two ordinary shares and trades on OTCQX under the symbol "MRVNY." MRV's ordinary shares trade on the BM&FBovespa SA under the code "MRVE3."
MRV is one of the largest Brazilian real estate developers and builders in the residential segment in terms of number of units developed and cities served. The company has 33 years of experience focusing on low-income customers.
"Developing our relations with international investors is a key priority for our company," said Monica Simao, MRV chief investor relations officer. "We strongly believe that BNY Mellon will be able to provide best-in-class service to our DR holders as well as increase visibility of our DR program."
"BNY Mellon prides itself on a specialized and experienced team to support MRV's investor relations efforts," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "We look forward to beginning our relationship with MRV. With more than 200 DR successorships handled over the past 25 years, we have the expertise to make MRV's program's transition to BNY Mellon as seamless as possible."
BNY Mellon acts as depositary for more than 2,800 American and global depositary receipt programs, acting in partnership with leading companies from over 65 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com, or follow us on Twitter @BNYMellon.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee. BNY Mellon provides no advice nor recommendations or endorsement with respect to any company, security or products based on any index licensed by BNY Mellon, and we make no representation regarding the advisability of investing in the same.
Joseph F. Ailinger Jr.
SOURCE BNY Mellon